• Abbott Laboratories average operating margin for 2023 was 15.79%, a 24.16% increase from 2022.
• Abbott Laboratories average operating margin for 2022 was 20.82%, a 9.52% decline from 2021.
• Abbott Laboratories average operating margin for 2021 was 19.01%, a 36.17% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.